IoT Security Market 2017-2027 By Size, Share, Trends, Growth, Forecast |TechSci Research

Report Description

Global IoT Security market is expected to grow at a robust pace of around 17% until 2027 due to the growing demand for cloud-based services for authentication process and increasing number of malware attacks on IoT devices. Increasing expenditure by the major vendors operating in the industry on Internet of Things and enhancements is anticipated to positively impact the growth of market over the next few years. Acquisitions and product launches are likely to offer lucrative market opportunities for market players during the forecast period. Moreover, increasing government efforts to implement stringent regulations for restricting the amount of data collected by IoT devices and increasing use of 3G and 4G long-term evolution as well as wireless networks and technologies is expected to stimulate the global IoT security market.

However, absence of standardization for IoT devices and lack of awareness of security risks is negatively impacting the market growth. With heterogenous IoT networks and protocols, it becomes challenging for devices connected in one IoT system to communicate with other devices in the system.

The global IoT security market is segmented based on component, deployment, enterprise, security type, application, and region. Based on component, the market can be categorized into Solutions and services. The Solutions segment is expected to dominate the market over the next few years due rise in the adoption of this IoT security solutions among various enterprises.

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Based on application, the market can be fragmented into smart manufacturing, smart energy & utilities, connected logistics, connected healthcare, smart retail, connected healthcare, smart home & consumer electronics, smart transportation and smart government & defense segments. Among these application segments, the smart manufacturing segment accounted for the largest market share of 21.77% in 2021 owing to increasing number of IoT devices coupled with rising security and privacy requirements of such devices. Based on deployment, the market is categorized into Cloud and On-premises segments, with the Cloud segment accounting for a majority market share of 12.19% in 2021.

Regionally, the global IoT security market is dominated by North America, followed by Europe, APAC, MEA and South America, and same market trend is expected to continue in the coming years. North America is the largest contributing region in the global IoT security market with more than one-third of the global market share in 2019 owing to the rise in cyber-attacks and boom in the region’s IoT sector are making IoT more crucial than ever and are anticipated to fuel the IoT security market in the US, Canada and Mexico during the forecast period. However, backed by growth of IoT connectivity in China, Japan, India, and Australia coupled with increasing internet penetration and rising number of cyber-attacks in Asia-Pacific, the region is anticipated to witness fastest growth in the global IoT security market during forecast period due to high adoption of IoT hardware, increasing the need for efficient security.

The major players operating in the IoT Security market are Broadcom Corporation, Cisco Systems Inc., Fortinet Inc., Gemalto NV, IBM Corporation, Infineon Technologies AG, Intel Corporation, Palo Alto Networks Inc, SecuriThings, Inc, Trend Micro Incorporated, Symantec Corporation, TrustWave Holdings, Inc and others.

Attribute	Details
Base Year	2021
Historical Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Component · Deployment · Enterprise · Security Type · Application
Regional scope	North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope	United States, Mexico, Canada, China, India, Japan, Vietnam, Australia; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Brazil, Argentina, Colombia
Key companies profiled	Broadcom Corporation, Cisco Systems Inc., Fortinet Inc., Gemalto NV, IBM Corporation, Infineon Technologies AG, Intel Corporation, Palo Alto Networks Inc, SecuriThings, Inc, Trend Micro Incorporated, Symantec Corporation, TrustWave Holdings, Inc.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global IoT security market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

IoT Security Market, By Component:

Solution
Services

IoT Security Market, By Deployment:

Cloud
On-premises

IoT Security Market, By Enterprise:

SME
Large Enterprise

IoT Security Market, By Security Type:

Network Security
End-point Security
Application Security
Cloud Security
Others (Email Security, Content Security and Web Security)

IoT Security Market, By Application:

Smart Manufacturing
Smart Energy & Utilities
Connected Logistics
Smart Home & Consumer Electronics
Connected Healthcare
Smart Government & Defense
Smart Transportation
Smart Retail

IoT Security Market, By Region:

North America

United States
Canada
Mexico

Europe

Germany
France
United Kingdom
Italy
Spain

Asia-Pacific

China
Japan
India
Vietnam
Australia

Middle East & Africa

South Africa
Saudi Arabia
UAE

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global IoT security market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. IoT Security: Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global IoT Security Market

4. Executive Summary

5. Voice of Customer

6. Global IoT Security Market Outlook

6.1. Market Size & Forecast

6.1.1.By Value

6.2. Market Share & Forecast

6.2.1.By Component (Solution, Service)

6.2.2.By Deployment (On-Premise, Cloud)

6.2.3.By Enterprise (SME, Larger Enterprise)

6.2.4.By Region (North America, Europe, APAC, MEA, South America)

6.2.5.By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Others)

6.2.6.By Application (Smart Manufacturing, Connected Logistics, Connected Healthcare, Smart Energy & Utilities, Smart Retail, Smart Government & Defense, Smart Home & Consumer Electronics, Smart Transportation)

6.2.7.By Company (2019)

6.3. Product Market Map

7. North America IoT Security Market Outlook

7.1. Market Size & Forecast

7.1.1.By Value

7.2. Market Share & Forecast

7.2.1.By Component

7.2.2.By Deployment Type

7.2.3.By Enterprise

7.2.4.By Country

7.2.5.By Security Type

7.2.6.By Application

7.3. North America: Country Analysis

7.3.1. United States IoT Security Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Component

7.3.1.2.2. By Deployment Type

7.3.1.2.3. By Enterprise

7.3.1.2.4. By Security Type

7.3.1.2.5. By Application

7.3.2. Canada IoT Security Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Component

7.3.2.2.2. By Deployment Type

7.3.2.2.3. By Enterprise

7.3.2.2.4. By Security Type

7.3.2.2.5. By Application

7.3.3. Mexico IoT Security Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Component

7.3.3.2.2. By Deployment Type

7.3.3.2.3. By Enterprise

7.3.3.2.4. By Security Type

7.3.3.2.5. By Application

8. Europe IoT Security Market Outlook

8.1. Market Size & Forecast

8.1.1.By Value

8.2. Market Share & Forecast

8.2.1.By Component

8.2.2.By Deployment Type

8.2.3.By Enterprise

8.2.4.By Country

8.2.5.By Security Type

8.2.6.By Application

8.3. Europe: Country Analysis

8.3.1. United Kingdom IoT Security Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Component

8.3.1.2.2. By Deployment Type

8.3.1.2.3. By Enterprise

8.3.1.2.4. By Security Type

8.3.1.2.5. By Application

8.3.2. Germany IoT Security Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Component

8.3.2.2.2. By Deployment Type

8.3.2.2.3. By Enterprise

8.3.2.2.4. By Security Type

8.3.2.2.5. By Application

8.3.3. France IoT Security Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Component

8.3.3.2.2. By Deployment Type

8.3.3.2.3. By Enterprise

8.3.3.2.4. By Security Type

8.3.3.2.5. By Application

8.3.4. Spain IoT Security Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Component

8.3.4.2.2. By Deployment Type

8.3.4.2.3. By Enterprise

8.3.4.2.4. By Security Type

8.3.4.2.5. By Application

8.3.5. Italy IoT Security Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Component

8.3.5.2.2. By Deployment Type

8.3.5.2.3. By Enterprise

8.3.5.2.4. By Security Type

8.3.5.2.5. By Application

9. Asia-Pacific IoT Security Market Outlook

9.1. Market Size & Forecast

9.1.1.By Value

9.2. Market Share & Forecast

9.2.1.By Component

9.2.2.By Deployment Type

9.2.3.By Enterprise

9.2.4.By Country

9.2.5.By Security Type

9.2.6.By Application

9.3. Asia-Pacific: Country Analysis

9.3.1. China IoT Security Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Component

9.3.1.2.2. By Deployment Type

9.3.1.2.3. By Enterprise

9.3.1.2.4. By Security Type

9.3.1.2.5. By Application

9.3.2. Japan IoT Security Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Component

9.3.2.2.2. By Deployment Type

9.3.2.2.3. By Enterprise

9.3.2.2.4. By Security Type

9.3.2.2.5. By Application

9.3.3. India IoT Security Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Component

9.3.3.2.2. By Deployment Type

9.3.3.2.3. By Enterprise

9.3.3.2.4. By Security Type

9.3.3.2.5. By Application

9.3.4. Australia IoT Security Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Component

9.3.4.2.2. By Deployment Type

9.3.4.2.3. By Enterprise

9.3.4.2.4. By Security Type

9.3.4.2.5. By Application

9.3.5. Vietnam IoT Security Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Component

9.3.5.2.2. By Deployment Type

9.3.5.2.3. By Enterprise

9.3.5.2.4. By Security Type

9.3.5.2.5. By Application

10. Middle East & Africa IoT Security Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Component

10.2.2. By Deployment Type

10.2.3. By Enterprise

10.2.4. By Country

10.2.5. By Security Type

10.2.6. By Application

10.3. Middle East & Africa: Country Analysis

10.3.1. UAE IoT Security Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Component

10.3.1.2.2. By Deployment Type

10.3.1.2.3. By Enterprise

10.3.1.2.4. By Security Type

10.3.1.2.5. By Application

10.3.2. Saudi Arabia IoT Security Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Component

10.3.2.2.2. By Deployment Type

10.3.2.2.3. By Enterprise

10.3.2.2.4. By Security Type

10.3.2.2.5. By Application

10.3.3. South Africa IoT Security Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Component

10.3.3.2.2. By Deployment Type

10.3.3.2.3. By Enterprise

10.3.3.2.4. By Security Type

10.3.3.2.5. By Application

11. South America IoT Security Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Component

11.2.2. By Deployment Type

11.2.3. By Enterprise

11.2.4. By Country

11.2.5. By Security Type

11.2.6. By Application

11.3. South America: Country Analysis

11.3.1. Brazil IoT Security Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Component

11.3.1.2.2. By Deployment Type

11.3.1.2.3. By Enterprise

11.3.1.2.4. By Security Type

11.3.1.2.5. By Application

11.3.2. Argentina IoT Security Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Component

11.3.2.2.2. By Deployment Type

11.3.2.2.3. By Enterprise

11.3.2.2.4. By Security Type

11.3.2.2.5. By Application

11.3.3. Colombia IoT Security Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Component

11.3.3.2.2. By Deployment Type

11.3.3.2.3. By Enterprise

11.3.3.2.4. By Security Type

11.3.3.2.5. By Application

12. Market Dynamics

12.1.Drivers

12.2.Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles

14.1.1. Cisco Systems, Inc

14.1.2. Broadcom Corporation (Symantec Corporation)

14.1.3. IBM Corporation

14.1.4. Intel Corporation

14.1.5. Trend Micro, Inc.

14.1.6. Infineon Technologies AG

14.1.7. Gemalto NV

14.1.8. Fortinet Inc.

14.1.9. TrustWave Holdings, Inc.

14.1.10. Palo Alto Networks, Inc.

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

How big is the Global IoT Security market?

Global IoT Security market is growing at a CAGR of 17% during the forecast period.

What factors are contributing to the growth of Global IoT Security market?

Growing demand for cloud-based services for authentication process and increasing expenditure by major players in the industry are boosting the growth of Global IoT Security market.

Which segment is expected to dominate the Global IoT Security market?

Based on components, solution segment is expected to dominate the Global IoT Security market.

Who are the key players operating in Global IoT Security market?

Broadcom Corporation, Cisco Systems Inc., Fortinet Inc., Gemalto NV, IBM Corporation, Infineon Technologies AG, Intel Corporation, Palo Alto Networks Inc, SecuriThings, Inc, Trend Micro Incorporated, Symantec Corporation, TrustWave Holdings Inc. are the key players operating in Global IoT Security market.

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